Law and economics for civil law systems / Ejan Mackaay.
2013
K487.E3 M332 2013 (Map It)
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Items
Details
Author
Title
Law and economics for civil law systems / Ejan Mackaay.
Published
Cheltenham, UK ; Northampton, MA, USA : Edward Elgar, [2013]
Copyright
©2013
Call Number
K487.E3 M332 2013
ISBN
9781848443099 (hbk.)
1848443099 (hbk.)
1848443099 (hbk.)
Description
xxi, 533 pages : illustrations ; 24 cm
System Control No.
(OCoLC)817266600
Bibliography, etc. Note
Includes bibliographical references and index.
Record Appears in
Table of Contents
Preface
v
List of abbreviations
x
Table of cases
xii
Table of legislation
xv
Table of treaties
xxi
Introduction
1
Can the law do everything?
1
An example: minimum wage laws
1
Understanding the law
3
Law and economics: nature and method
5
Law and economics: a brief history
17
Conclusion
26
Further reading
27
Bibliography
28
pt. I
FOUNDATIONS
1.
Individual decision-making
35
Scarcity
36
Rational choice
40
Uncertainty
46
Methodological individualism
48
Further reading
49
Bibliography
50
2.
Risk and insurance
52
Introduction: risk and uncertainty
52
Elements of insurance
54
Perverse effects
58
Applications
64
Conclusion
71
Further reading
72
Bibliography
72
3.
Human interaction
74
Introduction: game theory
74
Coordination games
76
Cooperation games
82
Conclusion
109
Further reading
111
Bibliography
111
4.
The market order
117
The market
117
Competition
135
Market imperfections
150
Conclusion
153
Further reading
153
Bibliography
154
5.
The political order
157
The origins of the State
158
Political order in representative democracies
166
The role of the State
183
Conclusion
185
Further reading
186
Bibliography
186
6.
Black markets
190
Introduction: the nature of black markets
190
How black markets work
192
The moral status of black markets
195
Conclusion
199
Further reading
200
Bibliography
200
pt. II
LEGAL INSTITUTIONS
7.
The Coase Theorem
205
Introduction: true prices and peaceable neighbours
205
The theorem
207
Objections to the theorem
216
The theorem's implications
218
Conclusion
227
Further reading
228
Bibliography
229
8.
Property and real rights
232
Introduction
232
Foundations
234
Implementation
249
Conclusion
289
Further reading
292
Bibliography
293
9.
Intellectual property rights
299
Information and its creation
300
The structure of intellectual property
311
The effects of intellectual property (empirical studies)
337
Conclusion
358
Further reading
363
Bibliography
363
10.
Extra-contractual civil liability
373
Introduction: the purposes of extra-contractual civil liability
374
Fundamental structure
378
Refinements and complications
391
Conclusion
407
Further reading
408
Bibliography
409
11.
Contract
413
The economic foundations of contract
414
The formation of contracts
443
The effects of contracts
479
Tripartite relationships: mandate
496
Conclusion
502
Further reading
505
Bibliography
505
Conclusion
510
Index
513